The Optuna–LightGBM–XGBoost model: A novel approach for estimating carbon emissions based on the electricity–carbon nexus

With the challenge posed by global warming, accurately estimating and managing carbon emissions becomes a key step for businesses, especially power generation companies, to reduce their environmental impact. Optuna–LightGBM–XGBoost, a novel power and carbon emission relationship model that aims to improve the efficiency of carbon emission monitoring and estimation for power generation companies, is proposed in this paper. Deeply exploring the intrinsic link between power production data and carbon emissions, this model paves a new path for “measuring carbon through electricity”, in contrast to the emission factor method commonly used in China. Unit data from power generation companies are processed into structured tabular data, and a parallel processing framework is constructed with LightGBM and XGBoost, and optimized with the Optuna algorithm. The multilayer perceptron (MLP) is used to fuse features to enhance prediction accuracy by capturing characters that the individual models cannot detect. Simulation results show that Optuna–LightGBM–XGBoost can achieve better performance compared to existing methods. The mean absolute error (MAE), mean squared error (MSE), mean absolute percentage error (MAPE), and coefficient of determination (R2) of the model are 0.652, 0.939, 0.136, and 0.994, respectively. This not only helps governments and enterprises to develop more scientific and reasonable emission reduction strategies and policies, but also lays a solid foundation for achieving global carbon neutrality goals.